Robeco Institutional Asset Management B.V. Sells 5,556 Shares of Ingersoll Rand Inc. $IR

Key Points

• Robeco Institutional Asset Management B.V. has reduced its stake in Ingersoll Rand by 7.5%, selling 5,556 shares, leaving it with 68,714 shares valued at approximately $5.72 million.
• Analysts have mixed views on Ingersoll Rand, with Citigroup raising the price target to $104.00 while Melius downgraded the stock from "buy" to "hold" with a target of $93.00.
• The company reported $1.89 billion in revenue for the last quarter, slightly surpassing analyst expectations, while EPS met the consensus estimate at $0.80.

Robeco Institutional Asset Management B.V. cut its stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 7.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,714 shares of the industrial products company's stock after selling 5,556 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Ingersoll Rand were worth $5,716,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Compass Wealth Management LLC increased its position in shares of Ingersoll Rand by 62.8% during the 1st quarter. Compass Wealth Management LLC now owns 355 shares of the industrial products company's stock worth $28,000 after purchasing an additional 137 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Ingersoll Rand by 190.9% during the first quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company's stock worth $38,000 after buying an additional 313 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of Ingersoll Rand by 54.4% in the first quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 172 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Ingersoll Rand by 136.4% in the first quarter. Larson Financial Group LLC now owns 494 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 285 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Ingersoll Rand in the 1st quarter worth approximately $40,000. Institutional investors own 95.27% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus set a $78.00 price target on Ingersoll Rand and gave the company a "hold" rating in a report on Monday, August 4th. Citigroup restated a "buy" rating and issued a $104.00 target price (up from $91.00) on shares of Ingersoll Rand in a research note on Monday, July 14th. Melius downgraded shares of Ingersoll Rand from a "buy" rating to a "hold" rating and set a $93.00 price target on the stock. in a research report on Monday, July 14th. Weiss Ratings reissued a "hold (c-)" rating on shares of Ingersoll Rand in a report on Saturday, September 27th. Finally, Barclays dropped their target price on shares of Ingersoll Rand from $92.00 to $91.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $98.00.

Ingersoll Rand Stock Performance

Shares of NYSE:IR opened at $83.39 on Tuesday. The company has a current ratio of 2.29, a quick ratio of 1.63 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The stock has a market capitalization of $33.14 billion, a P/E ratio of 65.15, a P/E/G ratio of 4.92 and a beta of 1.43. The business has a 50-day moving average price of $80.20 and a two-hundred day moving average price of $80.38.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Ingersoll Rand had a net margin of 7.10% and a return on equity of 12.12%. The company had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.85 billion. During the same quarter in the previous year, the company earned $0.83 EPS. Ingersoll Rand's revenue was up 4.6% on a year-over-year basis. Ingersoll Rand has set its FY 2025 guidance at 3.340-3.460 EPS. Equities analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, August 14th. Ingersoll Rand's dividend payout ratio (DPR) is currently 6.25%.

Ingersoll Rand Company Profile

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.

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